The Vietnam Timber and Forest Product Association (Viforest) has set an ambitious goal of reaching US$25 billion in exports by 2030, as the sector charts a course toward sustainable development amid growing global trade challenges.

Ho Chi Minh City is poised to become a Southeast Asian powerhouse in wood and furniture production and exports, provided that companies ramp up green practices, branding and innovation, industry insiders said.

VOV.VN - US President Donald Trump has signed an order imposing tariffs of 10%-50% on a range of wood and furniture products, piling pressure on Vietnam’s exports.

VOV.VN - After experiencing a sharp fall in exports in 2023, the Vietnamese wood industry bounced back in 2024 and is currently flying high as a major hard currency earner of the economy, with export earnings projected to be at US$18 billion this year.

VOV.VN - The wood industry of Vietnam is likely to rake in US$16 billion from exports this year, far exceeding the initial target of US$14.2 billion set by the Ministry of Agriculture and Rural Development.

VOV.VN - The opening nine months of the year witnessed timber and wood product exports reach US$12.15 billion, up 17.2% year on year, thereby making the products among the country’s top export items.

Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year.

Vietnam's wood industry has opportunities to engage in the carbon market as the whole world is pushing ahead for a greener economy, heard a recent dialogue in Ho Chi Minh City.

Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.

VOV.VN - The export turnover of wood and wood products to the Japanese market in February is estimated to reach US$110 million, a drop of 32.5% compared to January and down 22.7% compared to February, 2023, according to figures released by the General Department of Customs.